Investors are still having a hard time finding great income stocks. And with the Fed holding yields low for the foreseeable future, this is not going to change anytime soon. It also doesn’t help that the search for yield over the past few years has pushed the price of many traditional income stocks to levels that are not justified by the underlying fundamentals of the companies. Buying a higher-yielding stock will not be a very satisfactory experience if the stock drops by four or five times the amount paid out in dividends.
Investors, even those in search of income stocks, need to use Portfolio Grader to select the very best stocks with excellent fundamentals that are attracting the attention of the big money that drives markets.
Air Industries (AIRI) is an example of a company with great fundamentals that also pays a solid dividend right now. Air Industries makes flight-critical products including flight safety parts, landing gear and components, arresting gear, flight controls, sheet metal fabrications and ground support equipment. At the current price AIRI stock is yielding 6.32% after Air Industries raised the dividend back in March.
Air Industries is growing by acquisition, having just announced the completion of one deal and had two agreements in principle to acquire companies that complimented their existing lines of business. Portfolio Grader upgraded AIRI stock to an “A” last month — a strong buy at the current price.